Calgary-based Ultimarii has raised $13 million in combined equity and debt financing. BDC Capital's Industrial Innovation Venture Fund led the round, with participation from Mistral Venture Partners, Staircase Ventures and Alpaca VC. The National Research Council of Canada's Industrial Research Assistance Program is also providing funding. The startup develops AI tools that help regulatory agencies, law firms and companies in power, mining and energy industries manage regulatory and permitting applications. The system uses datasets from past government processes and human expertise. Doug Schweitzer, Alberta's former justice and innovation minister, founded Ultimarii in January 2024 with Josh Malate. The company plans to expand internationally, starting with US datasets.

Applied Atomics, a developer of full-stack nuclear power plants, has raised $8.3 million in an oversubscribed seed round. The Los Angeles-based company is designing 100MW to 1GW nuclear power plants co-located with large infrastructure campuses, using light-water reactor architecture. The startup plans to own and operate its plants, delivering electricity under long-term power purchase agreements. It's working with early customers to secure locations for 10GW of planned capacity. The funding will support testing and integration, supply chain development, and engineering integration. Applied Atomics has completed initial systems validation milestones on its SimBox digital twin platform, testing plant control logic and safety responses with supply chain components. The round was co-led by Transition, with participation from Alpaca VC. The company aims to address nuclear deployment challenges through integrated delivery rather than fragmented project models.

Calgary-based AgTech startup Brilliant Harvest has raised $4 million in seed funding to scale its AI-driven customer experience platform for the heavy equipment industry. The round was led by returning investors Builders VC and AltaML, with participation from FTW Ventures, Alpaca VC, Automotive Ventures, SVG Ventures and NYA Ventures. The platform ingests technical manuals, work orders and conversational data to provide fast answers for service, parts and aftermarket teams. Brilliant Harvest now supports dealerships representing over 50 per cent of CNH Industrial's larger dealer stores, with customers including Rocky Mountain Equipment and Titan Machinery. The funding will accelerate platform development and market expansion. The company plans to enter the construction industry in mid-2026 and expand into after-sales processes.